Median price for residential apartments in Wilkes-Barre, PA as of Jan, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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228 Wilkes-Barre, PA, USA apartments for sale
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Wilkes-Barre
According to statistics, the population in Wilkes-Barre, PA amounts to 40,887, which shows decline 0% compared to the previous year. The median age of the city’s residents is 35. The average household income is $32,484, shifting growth 4% from the past year, and the average property value in Wilkes-Barre, PA decline -3% to $74,600 throughout the year.
| Population | 40,887 |
| Median Age | 34.6 |
| Poverty Rate | 29% |
| Household Income | $32,484 |
| Number Of Employees | 16,399 |
| Median Property Value | $74,600 |
Household Income
The average household income in Wilkes-Barre, PA grew from $31,248 to $32,484 in the past year. This data is an estimate based upon 15,514 households in Wilkes-Barre, PA . The chart below presents how household income is distributed in Wilkes-Barre, PA in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Wilkes-Barre, PA shifted from $76,700 to $74,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in Wilkes-Barre, PA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Wilkes-Barre, PA properties falls in the '$60,000 to $69,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Wilkes-Barre, PA compared to median property taxes around the country. The prevalent amount of property taxes in Wilkes-Barre, PA equals $1150, which is less than the national average.
Housing Trends
How much does an apartment cost in Wilkes-Barre, PA, USA
Average apartment sale in Wilkes-Barre: $154,874 (-12%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| Studio apartments | $125,724 | -47% |
| 1-bed apartments | $65,000 | +0% |
| 2-bed apartments | $114,192 | +3% |
| 3-bed apartments | $166,191 | +0% |
| 4+ bed apartments | $183,476 | -1.6% |
During Jan 2023, the average price for an apartment in/near Wilkes-Barre, PA decreased by 12% to $154,874.
Knowing the current property prices is key if you plan to buy a studio in Wilkes-Barre, PA. The average price for a studio has decreased since the last month, currently being $125,724. After collecting all data points, we now see that the average price for 1-bed apartment stands at $65,000 with no changes this month. Asking price for 2-bed apartment also increased by 3% and a place of this size will now cost you $114,192. A 3-bed apartment goes for $166,191, it decreased by 0% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 1.6% and made it down to $183,476.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Townhouses for sale | $118,800 | +0% |
| Land for sale | $126,612 | -50% |
| Houses for sale | $155,725 | +0.6% |
| Duplexes for sale | $183,560 | -0.4% |
Price reports demonstrate that house price increased by 0.6% this month making it up to $155,725. You can now purchase a duplex for just $183,560, duplex price decreased by 0.4% this month. Value of the townhouses didn’t change, the price still starts at $118,800. The average price of the land for sale in Wilkes-Barre, PA has decreased by 50%, and now equals $126,612.
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